The Trade Desk $TTD Holdings Lowered by Zevenbergen Capital Investments LLC

Zevenbergen Capital Investments LLC reduced its stake in The Trade Desk (NASDAQ:TTD) by 5.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,055,616 shares of the technology company’s stock after selling 113,078 shares during the period. Trade Desk accounts for approximately 2.0% of Zevenbergen Capital Investments LLC’s holdings, making the stock its 16th biggest position. Zevenbergen Capital Investments LLC owned approximately 0.42% of Trade Desk worth $100,746,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Cornerstone Wealth Group LLC raised its holdings in Trade Desk by 2.8% during the second quarter. Cornerstone Wealth Group LLC now owns 4,457 shares of the technology company’s stock worth $321,000 after purchasing an additional 122 shares in the last quarter. STF Management LP raised its stake in shares of Trade Desk by 2.1% in the 2nd quarter. STF Management LP now owns 6,627 shares of the technology company’s stock worth $477,000 after buying an additional 136 shares in the last quarter. Mutual Advisors LLC raised its stake in shares of Trade Desk by 3.5% in the 2nd quarter. Mutual Advisors LLC now owns 4,239 shares of the technology company’s stock worth $305,000 after buying an additional 142 shares in the last quarter. Ashton Thomas Securities LLC lifted its holdings in shares of Trade Desk by 2.6% in the first quarter. Ashton Thomas Securities LLC now owns 5,760 shares of the technology company’s stock valued at $315,000 after buying an additional 144 shares during the period. Finally, Tradition Wealth Management LLC boosted its stake in Trade Desk by 2.4% during the first quarter. Tradition Wealth Management LLC now owns 6,349 shares of the technology company’s stock valued at $347,000 after buying an additional 150 shares in the last quarter. 67.77% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on TTD shares. Benchmark raised Trade Desk from a “hold” rating to a “buy” rating and set a $65.00 target price on the stock in a report on Friday, November 7th. Zacks Research raised shares of Trade Desk from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 11th. Wall Street Zen upgraded shares of Trade Desk from a “sell” rating to a “hold” rating in a report on Saturday, November 1st. Susquehanna cut their target price on shares of Trade Desk from $135.00 to $85.00 and set a “positive” rating for the company in a research note on Friday, November 7th. Finally, Morgan Stanley cut shares of Trade Desk from an “overweight” rating to an “equal weight” rating and reduced their target price for the stock from $80.00 to $50.00 in a report on Wednesday, September 10th. Twenty-one research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, Trade Desk presently has an average rating of “Moderate Buy” and an average target price of $76.56.

Trade Desk Trading Down 0.1%

TTD stock opened at $37.26 on Friday. The Trade Desk has a one year low of $35.65 and a one year high of $127.59. The firm has a 50-day moving average of $43.83 and a two-hundred day moving average of $57.02. The firm has a market capitalization of $18.02 billion, a PE ratio of 42.83, a P/E/G ratio of 1.86 and a beta of 1.07.

Trade Desk (NASDAQ:TTD) last released its earnings results on Thursday, November 6th. The technology company reported $0.45 earnings per share for the quarter, topping the consensus estimate of $0.44 by $0.01. The business had revenue of $739.43 million for the quarter, compared to the consensus estimate of $719.11 million. Trade Desk had a net margin of 15.72% and a return on equity of 16.00%. The firm’s quarterly revenue was up 17.7% compared to the same quarter last year. During the same period last year, the firm posted $0.41 earnings per share. On average, equities research analysts anticipate that The Trade Desk will post 1.06 earnings per share for the current year.

Trade Desk announced that its Board of Directors has initiated a stock repurchase program on Thursday, November 6th that allows the company to repurchase $500.00 million in shares. This repurchase authorization allows the technology company to purchase up to 2.1% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s management believes its shares are undervalued.

About Trade Desk

The Trade Desk, Inc (NASDAQ: TTD) is a technology company that provides a demand-side platform (DSP) for programmatic digital advertising. Its platform enables advertisers, agencies and other buyers to plan, purchase and measure ad inventory across digital channels, including display, video, mobile, audio, native and connected TV. By centralizing real?time bidding, audience targeting and inventory access, the company aims to help clients optimize media spend and reach audiences at scale across publishers and ad exchanges.

Founded in 2009 by Jeff Green and Dave Pickles, The Trade Desk grew from a focus on programmatic display into a global ad?tech provider.